Berkshire Hathaway: Clarke Inc.

Rob Normandeau Dept: It s also turned out well for Buffet s Berkshire Hathaway that he likes buying solid, family-founded firms in untrendy but profitable businesses like insurance, candy-making, jewellery sales and furniture retailing. So maybe it shouldn t be a shock for Bay Street that members of two Maritime business families are lifting a page from Buffet s playbook, according to The Chronicle Herald. With their co-investors, former Clarke Inc. president Rob Normandeau, Liberal MP Scott Brison and Halifax restaurateur Maxime St. Pierre, they aim to buy controlling, long-term stakes in small- to mid-sized firms operating in established sectors they understand. SeaFort sees big opportunities among family firms undergoing a generational change in owners and iT HASN T hurt Warren Buffet, arguably the most successful investor of our times, to work out of Omaha, Nebraska. Donald and Rob Sobey respectively director emeritus of Empire Corp. and CEO of Lawton s Drug Stores Ltd. and Scott McCain, president of Maple Leaf Foods agribusiness, are establishing a private equity firm, SeaFort Capital Inc., on Halifax s Barrington Street. (www.immigrantscanada.com). As reported in the news.